Common use of Operating Cost Increases Clause in Contracts

Operating Cost Increases. Tenant shall pay to Landlord during the Term, as Additional Rent, Tenant’s Share of the amount by which all Operating Costs for Lease Years 2 through 5 exceed the Operating Costs for Lease Year 1 as annualized and adjusted to assume: (i) one hundred percent (100%) occupancy of the Building; and (ii) the assessment of supplemental Taxes (defined below) pursuant to Chapter 3.5 of the California Revenue and Taxation Code to reflect Landlord’s purchase of the Property and construction of the Building and related improvements.

Operating Cost Increases. Tenant shall pay to Landlord during the Term, as Additional Rent, TenantXxxxxx’s Share of the amount by which all Operating Costs for Lease Years 2 through 5 exceed the Operating Costs for Lease Year 1 as annualized and adjusted to assume: (i) one hundred percent (100%) occupancy of the Building; and (ii) the assessment of supplemental Taxes (defined below) pursuant to Chapter 3.5 of the California Revenue and Taxation Code to reflect LandlordXxxxxxxx’s purchase of the Property and construction of the Building and related improvements.